Quotes of WTI crude oil traded at 53.18 dollars per barrel. Oil is still trading below the moving average with period 55 level that indicates a downward trend and should expect the quotes to continue an attempt to fall. First in order to reduce the area below the level of 52 dollars per barrel.
Bollinger Bands WTI oil forecast on March 7, 2017
Conservative area for oil sales is at the upper end of the indicator strips near the region of 54.60 dollars per barrel. Is expected to accelerate the fall of oil quotations is a breakdown of the lower limit of the indicator strips and closing the oil below the area of 52.40 dollars per barrel. Cancellation option will be the continuation of decrease in quotations of strong growth and the breakdown field of 55 dollars per barrel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
